Malaysia's largest Islamic bank launches first overseas branch in Dubai

Pedro Gonçalves
clock • 2 min read

The first overseas branch of Maybank Islamic Berhad, the largest Islamic bank in Malaysia, has opened in Dubai. Maybank Islamic, the Shariah-compliant division of Malaysia's largest lender Malayan Banking Berhad (Maybank), was granted the full Islamic banking licence from the Dubai Financial Services Authority (DFSA) in July 2019. "With Dubai being a leading Islamic economic centre, it was timely for Maybank Islamic to be here to tap into the increasing demand for financing in the global halal economy and to become a link between the GCC countries and the world's fifth largest economy...

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